4 Energy Stock Stories Making News On Friday

Industry sources say that ExxonMobil has taken a long-term charter on the United States-flagged American Phoenix oil tanker at a near-record rate of about $100,000 per day, which exhibits the lack of vessels available to transport oil and refined products between American ports. It is thought that the 339,000-barrel tanker, which was re-leased by Koch Shipping and Supply, might have been the sole vessel of around three dozen so-called Jones Act tankers available for lease, with traders having taken the others so as to help move the burgeoning production from the Eagle Ford shale to Gulf Coast refiners.